St Faith's Centre (Maidstone)
Our charity was formed to build and develop a Community Centre both for worship and for community use by the people of Ringlestone and Springfield Maidstone, replacing the old St Faith's Church Hall in Ringlestone. The building was completed in July 2023 and is now fully operational, used by many different community and church groups, with staff employed to oversee all the activities.
Financial health, per its FY2024 accounts
The accounts state that the charity has total net assets of £2,113,636, comprising £21,756 in unrestricted funds and £2,091,880 in restricted funds. The trustees aim to build a healthy balance in unrestricted funds to cover emergency situations, though the current unrestricted balance is relatively low compared to the restricted building fund. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The trustees aim to build a healthy balance if possible on unrestricted funds to cover emergency situations that may arise.” — page 4
“Aggregate outstanding loans to the charity by trustees amounted to £2,000.” — page 9
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Rev Mark Paveychair
- Alison Davis
- CORAL STIMSON
- Dale Malcolm Nurden
- Frances Butler
- Ian Stephen Chittenden
- Keith Paul Settle
- ROSEMARY HENN-MACRAE
- SIR JOHN YOUNG
- Susan Christine Shaw
- Zoe Marie Adams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £161k | £100k |
| 31/12/2023 | £894k | £33k |
| 31/12/2022 | £868k | £2k |
| 31/12/2021 | £192k | £198k |
| 31/12/2020 | £133k | £12k |
Common questions
Is St Faith's Centre (Maidstone) financially healthy?
Per its FY2024 accounts: The accounts state that the charity has total net assets of £2,113,636, comprising £21,756 in unrestricted funds and £2,091,880 in restricted funds. The trustees aim to build a healthy balance in unrestricted funds to cover emergency situations, though the current unrestricted balance is relatively low compared to the restricted building fund. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds St Faith's Centre (Maidstone)?
Funders whose own accounts filings name St Faith's Centre (Maidstone) as a grant recipient include THE BEATRICE LAING TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE BEATRICE LAING TRUST | FY2022 | £30k | Redevelopment of St Faith's Centre |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 02/06/2023 | £10k | St Faith's Centre Community Garden |
| The National Lottery Community Fund | 07/01/2022 | £10k | Furnishing St Faith's Centre |
| The National Lottery Community Fund | 15/12/2021 | £195k | St. Faith's Centre |